The principles and practice of banking |
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Page 24
During the recoinage in 1696 , the bank had issued their notes in exchange for
the clipped and deficient coin previously in circulation , and they were not able to
procure from the mint a sufficient quantity of the new coins to discharge the notes
...
During the recoinage in 1696 , the bank had issued their notes in exchange for
the clipped and deficient coin previously in circulation , and they were not able to
procure from the mint a sufficient quantity of the new coins to discharge the notes
...
Page 33
A calculation was made with a view to ascertain the number of days that a bank
note of each denomination remained in circulation in this year . The following are
the results :Notes of 10 each , 236 days . Notes of 50 each , 124 days . , 15 , 114
...
A calculation was made with a view to ascertain the number of days that a bank
note of each denomination remained in circulation in this year . The following are
the results :Notes of 10 each , 236 days . Notes of 50 each , 124 days . , 15 , 114
...
Page 36
during the continuance of this Act . The bank could not be sued for payment of
any of their notes for which they were willing to give other notes ; and no person
could be held to special bail upon any process issuing out of any court , unless
the ...
during the continuance of this Act . The bank could not be sued for payment of
any of their notes for which they were willing to give other notes ; and no person
could be held to special bail upon any process issuing out of any court , unless
the ...
Page 43
A calculation was made this year , to ascertain the number of days that a bank
note of each denomination remained in circulation . ... 55 , , The bank had always
been in the practice of detaining the forged notes offered for payment . But two ...
A calculation was made this year , to ascertain the number of days that a bank
note of each denomination remained in circulation . ... 55 , , The bank had always
been in the practice of detaining the forged notes offered for payment . But two ...
Page 44
Between February 1 and October 1 , 1820 , the bank were required to pay their
notes in gold bullion of standard fineness at the rate of 41 . 18 . per ounce , but
not to be liable to a demand for a less quantity than sixty ounces at one time . 3 .
Between February 1 and October 1 , 1820 , the bank were required to pay their
notes in gold bullion of standard fineness at the rate of 41 . 18 . per ounce , but
not to be liable to a demand for a less quantity than sixty ounces at one time . 3 .
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Common terms and phrases
accept advances advantage agents allowed amount appears balance Bank of England banker become bills branches called capital carried cash cause cent charge cheques circulation Clearing clerks committee consequence considerable continued country bankers course currency customers debt demand deposits directors discount dividends drawn duties effect employed entered established exchange extent foreign formed funds give given gold Government governor hands hence important increase individuals interest Ireland issue joint-stock banks keep less letters loans London loss manager means meet merchants months necessary notes notice obtain occasion operations paid parties passed payable payment period person practice present pressure principle produce profit rate of interest reason received reduced respect returns Scotland securities shares speculation taken trade transactions transfer usually whole
Popular passages
Page 570 - But who am I, and what is my people, that we should be able to offer so willingly after this sort? for all things come of thee, and of thine own have we given thee.
Page 571 - Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the Lord of hosts, if I will not open you the windows of heaven and pour you out a blessing, that there shall not be room enough to receive it.
Page 330 - Truly the light is sweet, and a pleasant thing it is for the eyes to behold the sun...
Page 434 - Misdemeanour, and, being convicted thereof, shall be liable, at the Discretion of the Court, to be transported beyond the Seas for any Term not exceeding Fourteen Years nor less than Seven Years, or to suffer such other Punishment by Fine or Imprisonment, or by both, as the Court shall award...
Page 569 - Thine, O Lord, is the greatness, and the power, and the glory, and the victory, and the majesty: for all that is in the heaven and in the earth is thine; thine is the kingdom, O Lord, and thou art exalted as head above all.
Page 561 - Prepare thy work without, and make it fit for thyself in the field ; and afterwards build thine house.
Page 13 - Company of the Bank of England), or for any other persons whatsoever united or to be united in covenants or partnership, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable at demand, or at any less time than six months from the borrowing thereof.
Page 169 - And all bills, drafts, or orders, for the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed...
Page 434 - ... share or interest in any public stock or fund, whether of this kingdom, or of Great Britain, or of Ireland, or of any foreign state, or in any fund of any body corporate, company, or society...
Bibliographic information
| Title | The principles and practice of banking |
| Author | James William Gilbart |
| Published | 1871 |
| Original from | Oxford University |
| Digitized | 4 Jul 2006 |
| Export Citation | BiBTeX EndNote RefMan |